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Oil prices rise as U.S. and Iran dispute Strait of Hormuz access
CNBC World reports the dispute followed trading strikes over the weekend and centered on whether the strait was open to ship traffic.
Oil prices climbed as the United States and Iran disputed whether the Strait of Hormuz was open to ship traffic after strikes over the weekend, according to CNBC World.
The outlet said the confrontation was tied to conflicting views on access through the strategic waterway and how that could affect shipping lanes.
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